12-07 40TH Avenue, New York City, NY 11101

  • $1,399,000
Active
12-07 40TH Avenue, New York City, NY 11101
  • $1,399,000

Overview

Property ID: RLS20005251
  • Multi Family, Residential
  • Property Type
  • 5
  • Bedrooms
  • 5
  • Bathrooms
  • 2736
  • Square Feet
  • 1901
  • Year Built

Description

Prime Investment Opportunity in Long Island City. 12-07 40th Ave, is a multi-family property offering a blend of residential and commercial spaces in the Long Island City neighborhood. For cash flow or redevelopment.

Property Overview:

Building Size: 25 38

Lot Size: 25 100

Total of three Apartments (as currently configured potential to make 4)

Ground FloorCommercial Space/office

Large Private Garden

Updated Kitchens and Bathrooms (needs to be finished but looking good)

A spacious and versatile area on the ground floor – for various business ventures ie. restaurant, retail, cosmetologists etc (must change c of o)

Located in an up-and-coming neighborhood that’s on the path of progress.

Long Island City is a dynamic neighborhood with easy access to Manhattan.

This property presents a unique opportunity for investors seeking both residential and commercial income streams. Could also be considered for complete redevelopment opportunity into multiple apartments. Contact us today to schedule a viewing of this property.

Details

Updated on April 2, 2025 at 3:25 pm
  • Property ID: RLS20005251
  • Price: $1,399,000
  • Property Size: 2736 Square Feet
  • Bedrooms: 5
  • Rooms: 5
  • Bathrooms: 5
  • Garage Size: x x
  • Year Built: 1901
  • Property Type: Multi Family, Residential
  • Property Status: Active

Mortgage Calculator

$9,041.84
Monthly
  • Down Payment $279,800.00
  • Loan Amount $1,119,200.00
  • Monthly Mortgage Payment $6,710.17
  • Property Tax $2,331.67
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Jerry Wang
  • Jerry Wang